/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, June 18 /CNW/ - CMQ Resources Inc. (TSXV: NV) ("CMQ") is pleased
to announce it has commenced drilling at Red Canyon, a sediment-hosted gold
project in Eureka county, Nevada. A drill program of approximately 5,000 feet
(about 1,524 metres) is anticipated in up to seven reverse circulation drill
holes at the Ice prospect.
CMQ's drilling program will attempt to expand a near-surface zone of
oxidized gold mineralization at Ice. Exploration potential, in lower plate
carbonate rocks, is open along strike to the northeast in areas covered by
younger volcanic rocks. The exploration potential to the northeast is defined
1. Five drill holes that intersected gold mineralization;
2. Geologic mapping;
3. Structural contouring;
4. A 3-D geochemical evaluation;
5. Gravity data.
Select drill hole intercepts from Ice include:
- 95 feet of 0.117 ounce gold per ton from 20 feet to 115 feet
(29.0 metres (m) of 4.012 grams gold per tonne from 6.1 m to 35.1 m)
- 85 feet of 0.046 ounce gold per ton from 15 feet to 100 feet (25.9 m
of 1.578 grams gold per tonne from 4.6 m to 30.5 m) in ROM07-01;
- 60 feet of 0.033 ounce gold per ton from 200 feet to 260 feet (18.3 m
of 1.132 grams gold per tonne from 61.0 to 79.3 m) in M-9.
This drill program is the first phase of the 2009 drill campaign at Red
Canyon. A second round of drilling is planned for later in the year subject to
the evaluation of assay results and the availability of financing.
The Red Canyon project is made up of 237 unpatented lode mining claims
(7.7 square miles/19.8 square kilometres) on the Battle Mountain-Eureka trend
and adjoins US Gold's Tonkin Springs property to the west. The project covers
an erosional window that exposes altered, brecciated and silicified lower
plate carbonate rocks that are age equivalent to the rocks hosting the Cortez
Hills gold deposit (plus 8.5 million ounces).
John Hogg, CEO, CMQ Resources Inc., is the qualified person, as defined
by National Instrument 43-101, who has reviewed and verified the data
disclosed in this press release.
CMQ currently has 6,534,670 Common Shares issued and outstanding. CMQ's
website is located at www.cmqresources.com
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
This press release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as
"forward-looking statements") within the meaning of Canadian securities laws
regarding the drilling and potential of the Red Canyon Property. Undue
reliance should not be placed on forward-looking statements, which are
inherently uncertain. There can be no assurance that the plans, intentions or
expectations upon which forward-looking statements are based will in fact be
realized. Forward-looking statements are based on management's current beliefs
as well as assumptions made by, and information currently available to,
management. Though management considers these assumptions to be reasonable
based on information currently available to it, they may prove to be
incorrect. The forward-looking statements contained in this press release are
made as of the date hereof and CMQ does not undertake any obligation to update
publicly or to revise any of the included forward-looking statements, except
as required by applicable law.
For further information:
For further information: John Hogg, Chief Executive Officer, CMQ
Resources Inc., Tel: (775) 778-3693, E-mail email@example.com